French staffing firm Synergie (SDG: PAR) reported revenue growth of 9% (7.6% on a like-for-like (LFL) basis) to €437.2 million during Q1 2016, up from €401.3 million in Q1 2015.

Revenue for the quarter was broken down as follows:  

According to Synergie’s financial statement, the surge in French business seen at the end of 2015 accelerated in the first quarter of 2016, with growth of 12% representing once again an outperformance of the market (by 7.1% according to Prism'emploi).This trend is due to both the investments made in 2015 (recruitment of consultants, launch of the new offer, intensive training activity, etc.) and the more favourable French market context.

In France, the Group expects that further acceleration of growth would continue over the next few months, in particular through the large number of contracts signed with aircraft manufacturers and shipbuilders, which have full work programmes extending over a number of years.

International growth increased by 6% with the acquisition in February 2016 of the German company Cavallo, which is expected to generate turnover of €25 million this year and is expected to strengthen operations in Germany by doubling the number of sites.

Due to its financial capacity, Synergie is currently considering other acquisitions to develop coverage in Northern Europe. These performances attest to the relevance of Executive Management's strategic choices to continue growing the Group and consolidate its position among Europe's leading human resources specialists.

In trading today, Synergie traded at €25.51, down 2% on the day and 4.42 % below its 52-week high of €26.69, set on 12 April 2016. Based on its current share price, the company has a market value of €634.14 million.